Several banks have offered higher interest rates to encourage more people to save money in fixed deposits. Recently, IDBI Bank IDBI Bank has increased its fixed deposit interest rates for certain periods under the Utsav Fixed Deposit scheme. IDBI Bank is offering interest rates up to 7.85% on fixed deposits for certain periods. This Fixed … Read more
Why is dematization important? Years ago, investing was a matter of a lot of paperwork. Share certificates were physical documents and losing one meant a world of trouble. Then came dematerialization, the process of converting physical certificates into electronic records. This change was a game-changer, offering investors security, convenience and a simplified way to manage … Read more
He mutual fund industry In India, growth has increased sevenfold over the last 10 years, and assets under management (AUM) have increased from ₹8.3 lakh crore in December 2013 ₹61.2 lakh crore by June 2024, Motilal Oswal said in a report for the quarter ended June 30, 2024. The ‘Where the Money Flows’ report showed … Read more
The Indian government has set a goal of making India a developed economy by 2047. From a generational perspective, Generation X (those born between 1965 and 1980) and Generation Y (born between 1981 and 1997) are experiencing tectonic shifts during their peak earning phases, and their aspirations, tastes and preferences are undergoing equally rapid changes. … Read more
What is income, really? If you ask an economist, he or she might describe “Haig-Simons” income—the value of a person’s consumption of goods and services, plus the change in his or her net worth over a given period. A lawyer might refer to IRS Code 26 Section 61(a), which defines “gross” income as “all income … Read more
If you are thinking about buying a home and wondering where to get a loan, Mortgage loan Since then, it is recommended that you compare the interest rates charged by different banks before answering a call. It should be noted that the interest rate is a key factor, but not the only one, that influences … Read more
My brother-in-law passed away in a hospital last year. Before he died, he gave verbal instructions on how he wanted his assets divided and asked me to carry out his wishes. He did not leave a written will. Now, his mother is claiming a share of his assets, which my sister is contesting based on … Read more
The Reserve Bank of India (Reserve Bank of India) has published the framework for the recognition of self-regulatory organisations (SROs) in financial markets. This framework published on Monday follows the ‘Omnibus Framework for SRO Recognition’ that was issued earlier this year in March 2024. It is noteworthy that the RBI recently invited applications for recognition … Read more
Portfolio management services (PMS) are facing new challenges after the Union Budget for 2024-25 raised taxes on long-term capital gains (LTCG) and short-term capital gains (STCG). As the shares are held in the investor’s demat account at PMS, every buy and sell decision of the PMS manager has a Tax impact for the investorunlike a … Read more
Credit cards In the world of personal finance, credit cards are often associated with a debt trap, and perhaps rightly so. However, like insurance, credit cards are often misunderstood due to the web of terms and conditions that apply to them. So how can you understand the terms and conditions and take advantage of some … Read more
